NRP cannot survive with coal, crude and ng prices current prices. And crude will crash
again Monday. For you new combers to this board, NRP units have been crashing for
five years. Will continue to crash. New management might help. Probably to late even
for that to help.
Not the insiders. Last insider buy(other than bonuses which were immediately sold) was
almost one year ago. Richard Navarre bought 10,000 shares at $49.80 (post split
dollars).. Share price has dropped 80% and insiders have not bought and are not buying now.
Wyatt Hogans owns 1,100 units. Made $800,000 in 2014. I will have little confidence that
NRP can survive until we see insiders buying NRP units.
If they sell CINR, how do they repay the other $800 Million that they will owe. Coal properties
would not bring a fourth of the $800 million.
Dow down 16. Crude and ng down. Banks taking big reserves to cover oil and gas company
bankruptcies. Another good move up for NRP. Don't know why. With coal, oil and ng prices at this level,
NRP will pay down a very small percentage of the $500 million debt that they want to pay down
Another big build in crude inventories. OPEC announced that they will continue to flood
the crude market, Bloated crude, ng and coal inventories to continue indefinitely. ALL
energy stocks headed lower. Many bankruptcies coming in these businesses.
Dow up 128. Crude down but ng up slightly. Watch crude inventories to be reported at
10:30 on CNBC. Coal stocks down. BTU will wipe out their debt with the chapter 11 filing.
Can then cut coal prices and make a profit. This will hurt NRP lessees. See no way that
NRP can survive with present coal, crude and ng prices,
Analysts project NRP to have earned $1.27 for the first quarter of 2016. Analyst project
that NRP will earn $1.60 in all of 2017. Read about this under google finance NRP.
I expect NRP to bankrupt in 2017 or earlier if energy commodity prices do not improve
Saudi announced today that they will continue to pump as much crude as they can.
Hard to see how NRP can survive. Need to get a survival plan from
See headlines for the continued down slide for coal
Big volume and big up move. Probably window dressing at 1st quarter end. NRP units
still down 41% 1st quarter. Trading window now closed for NRP management until
1st quarter results are reported. Know that NRP insiders are sick about that.